US Fed raises rates 25 bps, first hike since 2023 | The BriefBrief
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Event Brief

US Fed raises rates 25 bps, first hike since 2023

Filed: Sep 16, 2026 at 10:00 PM ET UPDATED Sep 17, 2026 at 3:02 AM ET
Summary: The US Federal Reserve raised interest rates by 25 basis points to a range of 3.75% to 4.00% to address stubbornly high inflation. The Federal Open Market Committee voted unanimously, citing elevated inflation and aiming for a timelier return to its 2% target.
WHO: US Federal Reserve (Federal Open Market Committee) and Chair Kevin Warsh
WHAT: The Fed voted unanimously to raise the federal funds rate by 25 basis points to 3.75%-4.00%.
WHEN: Sep 17, 2026
WHERE: USA
WHY: To tackle stubbornly high inflation and support a timelier return to the Fed’s 2% inflation target.

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